Pinewood Electronics registered accelerated increases in its net income from P 400,000 in 2019 to P 1.200,000 in 2020. Rate of return on Current Assets increased from 25% in 2019 to 30% in 2020. Current Asset turnover on the other hand, went down to 2.25 turnover in 2020 from 2.50 turnover in 2019. The Cost of Goods Sold and Operating Expenses excluding depreciation in 2020 amounted to P Pinewood Electronics registered accelerated increases in its net income from P 400,000 in 2019 to P 1.200,000 in 2020. Rate of return on Current Assets increased from 25% in 2019 to 30% in 2020. Current Asset turnover on the other hand, went down to 2.25 turnover in 2020 from 2.50 turnover in 2019. The Cost of Goods Sold and Operating Expenses excluding depreciation in 2020 amounted to P